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Aussie competition watchdog investigating Meta over crypto scam ads
4.2.2022
The news comes only one day after billionaire Andrew “Twiggy” Forrest announced he would be mounting legal action against the social media giant
Aussie billionaire sues Facebook over crypto scams with AG's consent
3.2.2022
The Aussie businessman said that Facebook’s failure to remove the fraudulent ads featuring him and dozens of other high profile celebs was “criminally reckless.”
Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull
2.2.2022
"Yeah, I could give the money back. It is within my power, but I'm gonna look out for myself and not do that," said Ice Poseidon when confronted in a video interview
EA's Boss Went From Calling NFTs The 'Future' To Running Away From Them
2.2.2022
Just three months ago, Electronic Arts CEO Andrew Wilson called NFTs an important part of “the future of our industry.” Now he’s doing everything he can to downplay their significance. The move by the publisher of FIFA and Madden comes as the NFT backlash hits new heights, including at EA where...
Worms Studio Ditches NFT Scam After Only 24 Hours
1.2.2022
Yesterday Team17—the studio behind the classic Worms series—announced it was getting into the NFT space, teaming up with a third party to release “collectible digital artwork based on one of the most beloved IPs in indie games”. A day later, that plan is in the bin.Read more
Worms Developer The Latest To Sell Out Over NFTs
31.1.2022
In 1994, Andy Davidson had an idea. That idea was to take the infinitely copied mid-70s Tektronix 4051 game, Artillery, but do it with cartoon worms. Then-developer Team17 snapped it up, called it Worms, and have since wrung out every last drop of miserable profit from the mediocre idea ever since....
NFT Minecraft Project Sells $1.2 Million In Tokens, Deletes Everything A Few Days Later
29.1.2022
Stop me if you’ve heard this one before: An NFT project sells a ton of tokens, making a shit ton of cash in the process for a thing that probably will exist in the future. Then the project and folks involved disappear with the money, leaving those who bought into it screwed. Well, it’s reportedly...
Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence
28.1.2022
The CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents, and other objects, and destruction of records in...
US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors
27.1.2022
A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S....
Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators
27.1.2022
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention...
Coin Bureau Youtube channel hacked despite 2FA protection
24.1.2022
It appears this was a coordinated effort targeting prominent crypto YouTubers, not just Coin Bureau
Crypto YouTubers fall victim to hacking and scamming attempt
24.1.2022
Many of the affected accounts noticed the fraudulent videos and removed them from their channels within minutes of them being posted
OpenDAO (SOS), LooksRare (LOOKS) and WTF token: 3 airdrops, with 1 scam
21.1.2022
NFT investors are demanding that marketplaces recognize and give value to their users, prompting competitors like LOOKS, SOS and WTF to launch ambitious vampire attacks on OpenSea
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
20.1.2022
Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users. Millions of Indians Visit Crypto Scam Sites Indians visited scam crypto websites in droves...
MTI Mastermind Arrest: Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa
16.1.2022
With Johann Steynberg now in custody in Brazil, a lawyer has suggested that South Africa may have to resort to an existing legal assistance agreement with Brazil if it wishes to have the CEO extradited. However, the success of any such extradition will depend on the next steps taken by authorities...
CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues
14.1.2022
"Do not purchase SHIB from these addresses as your funds will be irreversibly lost," said the team at Shiba Inu
India Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme
13.1.2022
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies. India Authorities Seize Assets in Alleged...
US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam
12.1.2022
The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FTC’s Warning About Scams Involving Cryptocurrency ATMs The U.S. Federal...
FTC issues public warning about new crypto ATM scam
11.1.2022
The Federal Trade Commission alerts everyone to stay vigilant of a new payment scam involving impersonators and crypto ATMs
Pakistan to investigate Binance for multi-million dollar crypto scam
9.1.2022
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown 3rd-party wallets